Pound surges on SAB rumours and improved industrial data

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Commodities boosting equities- FTSE +0.78% by Brenda Kelly Once again the flip back to basic resources helped by a positive upgrade from Morgan Stanley on a number of mining stocks is giving the UK benchmark a push northwards. The surge in oil prices and Brent crude finally managing to return to the $50/bbl marker is also boosting the cyclical sector despite the IMF’s rather negative global growth viewpoint. The FTSE has finally pushed its way through the 6300 level for the first time since

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